Latest New Markets Headlines
All the headlines from our New Markets Topic Page, ordered by recency.
Partner Specialty Group Launches Online High Value Homeowners Facility
May 16 2016 // Partners Specialty Group, LLC has announced a new non-admitted online high value homeowners facility with limits in excess of $60 million. Appointed agents will be able to access the online portal and obtain quotes for the...
Marsh’s Torrent Technologies Launches Private Flood Coverage
May 13 2016 // Torrent Technologies, Inc., in coordination with Torrent’s Write-Your-Own (WYO) carriers participating in the National Flood Insurance Program (NFIP), has launched a new, automated private market primary flood...
Edison Insurance Launches Online Quoting System for Florida Homeowners Coverage
May 12 2016 // Edison Insurance Co. has launched an online quoting system that offers specific premium quotes for homeowners insurance coverage in Florida. According to Clint Strauch, Edison Insurance president and co-founder, Edison has...
Corps Launches Flood Protection Study in North Dakota’s Souris River Valley
May 10 2016 // The U.S. Army Corps of Engineers this week is launching a study of permanent flood protection for the Souris River Basin in North Dakota, which includes Minot. The Corps will look at the cost-effectiveness and...
Hiscox Launches New US Flood Cover
May 9 2016 // Hiscox London Market has launched a new flood product for U.S. homeowners — FloodPlus. Working with wholesale brokers in the US to distribute the new product, FloodPlus offers higher limits and a wider scope of cover...
Tokio Marine Kiln Launches General Aviation Consortium on Lloyd’s Asia Platform
May 9 2016 // Tokio Marine Kiln (TMK), the leading provider of specialist and corporate insurance, has launched its first General Aviation Consortium on the Lloyd’s Asia platform. The consortium will provide all brokers and buyers...
JLT Re Enters U.S Mortgage Insurance Market
May 5 2016 // Reinsurance broker JLT Re has launched a new operation in North America – JLT Re Global Mortgage Solutions — to offer insurance and reinsurance to government-sponsored entities, mortgage insurers, mortgage lenders and...
Volvo to Launch Autonomous Driving Trial in London in 2017
Apr 28 2016 // Swedish car maker Volvo will begin an autonomous driving trial in London in 2017. Called “Drive Me London,” the UK trial will use real families in semi-autonomous cars. Starting with a handful of AD cars next...
Mercury Insurance Launches Ride-Hailing Coverage in Illinois
Apr 27 2016 // Mercury Insurance is now offering ride-hailing insurance to cover Uber, Lyft and other Transportation Network Company (TNC) drivers in Illinois. This new coverage will provide drivers with insurance that will bridge the...
AIG, Hamilton, Two Sigma to Launch Small-Medium Business Insurance Joint Venture
Apr 26 2016 // American International Group, Bermuda-based Hamilton Insurance Group and affiliates of hedge fund firm Two Sigma Investments said they have agreed to create a technology-enabled insurance platform for sales to the small to...
Ryan Specialty Launches Marine Unit; AIG’s Pecci and Stahl to Lead
Apr 25 2016 // Specialty insurance firm Ryan Specialty Group (RSG) has formed a specialty marine underwriting business and tapped two executives who were formerly with American International Group (AIG) to lead it. The newly-formed...
Farmers Launches Rideshare Insurance Coverage in Georgia
Apr 19 2016 // Farmers Insurance has introduced new rideshare insurance coverage for drivers in Georgia. According to Mariel Devesa, head of product innovation for Farmers Insurance, the coverage is available to ridesharing drivers as...
Florida Insurer Launches Company Offering Admitted, Standalone Flood Coverage
Apr 18 2016 // A Florida-based homeowners insurer has beefed up its flood insurance offering with the launch of a new flood-coverage only company called TypTap. The new company, a wholly owned subsidiary of Homeowners Choice Property...
PURE Insurance Launches Non-Profit D&O Coverage
Apr 14 2016 // Privilege Underwriters Reciprocal Exchange (PURE), the policyholder-owned property and casualty insurer designed for high net worth individuals and families, has made several enhancements to its personal excess liability...
Specialty Insurance Veteran Launches MGA Holding Company: DOXA
Apr 12 2016 // A group of investors led by Matthew Sackett, former senior vice president of national sales for K&K Insurance and former president and CEO of Leisure Sports Specialists, has announced the formation of DOXA Insurance...
Farmers Insurance Launches Rideshare Coverage in New Jersey
Apr 11 2016 // Farmers Insurance announced Monday that it has begun offering its Rideshare Insurance Coverage endorsement in New Jersey. The endorsement is designed to offer ride-hail drivers coverage options as part of Farmers personal...
XL Catlin Launches New Cargo Policy for Marine Businesses
Apr 8 2016 // XL Catlin’s Americas Marine business has introduced its first new marine product, an enhanced insurance policy to offer more comprehensive cargo insurance coverage on a domestic, foreign or worldwide basis. Andrew...
Patriot National Launches Online Risk Management Marketplace
Apr 6 2016 // Patriot Risk Consultants (PRC), a subsidiary of Patriot National, Inc. has launched PN BidExpert, an online marketplace to connect underwriters and risk managers with loss control engineers. PN BidExpert works by matching...
Schinnerer Launches New Auto Dealer Open Lot Program
Apr 4 2016 // Underwriting manager Victor O. Schinnerer & Company has launched a new Dealer Open Lot Insurance program. The program is available to automotive dealership clients and provides coverage for owned auto inventory held...
UK’s Flood Re Launches to Bring Affordable Flood Cover to Homeowners
Apr 4 2016 // The U.K.’s new joint industry and government sponsored reinsurance scheme for flood risk began operating today (April 4). Designed to help provide access to affordable flood insurance cover for households at the...
